SPDR S&P 500 Index (SPX, .INX) for Monday & July 2016

 

  The benefit of my own homework … is the wealth of  information, PROs/CONs, Bullish and Bearish,  that I am looking at in my spreadsheets, databases, and charts.  Heading into third Friday of the month options expiry this Friday, 7/15/2016, the S&P 500 Index (SPX, .INX) is Strongly Bullish and Scary Bullish.  Friday, the S&P500 set new year to date (YTD) Pivot Point, Support, and Resistance level highs for both year to date (ytd) and Monday.  The Pivot point for Monday at 2122.86 is a new ytd high. Support (s1) at 2114.37 for Monday is also a new ytd high. The current Support (s2) level high of 2109.62 didn’t fall to Monday’s (s2) of 2098.12.  Both Resistances (r1) at 2138.75 and (r2) at 2147.60 for Monday are also new ytd highs.  The S&P 500 closed Friday a strong  +31.11 points, or +1.482% above its Pivot Point (PP) for Friday … the year to date daily average is +1.691 points.   Also, the S&P 500 closed Friday a strong +7.04 points above its Pivot Point for Monday … the year to date daily average is +1.130 points.   There is more … see below.
  Below you will find the S&P 500 Index (SPX, .INX) Daily, Weekly, and Monthly (d-w-m) Charts, Support and Resistance for Monday, 7/11/2016, this week, and the rest of July 2016  as calculated from the changes in Index points through Friday, 7/8/2016’s close.   You will also find related additional Index data, tables, and charts information in:
  In the above link, check out Table IV.  Index “projected” Highs and Lows for Monday, 7/11/2016.
————————————
Index chart 20160708

  I.   Index performance Friday, 7/8/2016

  • Dow Jones    18,146.74  +250.86  (1.40%)    (chart: blue)
  • Nasdaq        4,956.76   +79.95  (1.64%)    (chart: gold)
  • S&P 500       2,129.90   +32.00  (1.53%)    (chart: red )
    ——————————————-
  • Rus 1k (RUI)   1,179.15  +17.91 (1.54%)
  • Rus 2k (RUT)   1,177.36  +27.60 (2.40%)
  • Rus 3k (RUA)   1,255.97  +19.85 (1.61%)
  • CBOE (TNX)        13.66  -0.21 (-1.51%)
  • Volatility(VIX)   13.20  -1.56 (-10.57%)
  II.  S&P 500 Index (SPX, .INX) Support and Resistance for Monday, 7/11/2016
 Below you will find the 52 week performance, and the Year-to-Date (YTD) performance to the S&P 500 Index (SPX, .INX).  In the link above, see Section V.  Index: 52week High,  52week Low, (Close 12/31/2015) to track changes in this info.   For tracking the day’s action, here are the Pivot Points, Support points, Resistance points,  the 50 day-week-month simple moving averages (sma50),  and the 200 day-week-month simple moving average (sma200).
:: If the related index, or stock, is above the pivot point, the pivot point is both support, and an indication that Mr. & Ms. Fickle Markets are Bullish.
:: If the related Index, or stock, is below the pivot point, then the pivot point represents resistance, as well as an indication that Mr. & Ms. Fickle Markets are Bearish.
:: Please Note: ALL projections are for reference only as they can be easily exceeded, up or down, by Mr. & Ms. Fickle Markets.
     ——————————
spx 20160708d
Chart #2 (above, daily, PivotPointSupRes)   S&P 500 INDEX (SPX, .SPX)
(1)  Analysis of DAILY chart activity through Friday’s (7/8/2016) close at 2,129.8999
The current trend is up and all orders on the long side may be considered.  The current market price activity is Strongly Bullish and suggests favorable trade opportunities on the long side.  If already holding long positions, look to take partial profits on any retracement to 1,991.68.   Traders with remaining long positions, after profit taking, should consider placing capital conserving stops in the region of 1,991.68.   Be prepared for a potential short term price pullback to the 2,083.67 area.
   Suggested placement of capital conserving stops…
If Long, exit all contracts at …  1,991.68     If Short, exit all contracts at …  2,131.71
  Additional DAILY Chart info:
  •  Overall, the bias in prices is: Upwards.
  •  Short term: Prices are moving.
  •  Intermediate term: Prices are ranging.
  • Caution: Daily points/prices are vulnerable to a correction towards 2,067.54.
  •  The upper projected target is: 2,188.22.
  •  The lower projected target is: 2,072.97.
  •  The projected closing price is: 2,130.59.
  :: Please Note: these price projections are for reference only, and can be easily exceeded by Mr. & Ms. Fickle Markets.
 ( 3.d) For the DAILY S&P 500 (INDEX SP: .INX) (ETF: SPY)
Closed 7/8 up  @   2,129.90   +32.00  (1.53%)
:: Closed   (above 7/8 PP)  (above 7/11 PP)
  •   :: Pivot point (PP)  2122.86
  •   Support (s1)  2114.01        Support (s2)  2098.12
  •   Resistance (r1)  2138.75     Resistance (r2)  2147.60
  •   Simple Moving Average (Close 50):  2077.65         (uptrend)
  •   Simple Moving Average (Close 200):  2025.94         (uptrend)
  •   52 week performance  +2.57%  YTD performance  +4.21%
  ————————————
spx 20160708w
Chart #3 (above, weekly, PivotPoint-Sup-Res)   S&P 500 INDEX (SPX, .SPX)
(2) Analysis of WEEKLY chart activity through Friday’s (7/8/2016) close at 2,129.8999
The current trend is up and all orders on the long side may be considered.  The current market price activity is Strongly Bullish and suggests favorable trade opportunities on the long side.  If already holding long positions, look to take partial profits on any retracement to 1,991.68.   Traders with remaining long positions, after profit taking, should consider placing capital conserving stops in the region of 1,991.68.   Be prepared for a potential short term price pullback to the 2,050.37 area.
   Suggested placement of capital conserving stops…
If Long, exit all contracts at …  1,991.68  If Short, exit all contracts at …  2,131.71
  Additional WEEKLY Chart info:
  •  Overall, the bias in prices is: Upwards.
  •  Short term: Prices are moving.
  •  Intermediate term: Prices are ranging.
  •  Caution: WEEKLY points/prices are vulnerable to a correction towards 2,001.89.
  •  The upper projected target is: 2,260.44.
  •  The lower projected target is: 2,001.37.
  •  The projected closing price is: 2,130.90.
 Note: these price projections are for reference only, and can be easily exceeded by Mr. & Ms. Fickle Markets.
 ( 3.w) For the WEEKLY S&P 500 (INDEX SP: .INX) (ETF: SPY)
Closed 7/8 up  @   2,129.90   +26.95
:: Closed   (above 7/8 PP)  (above 7/15 PP)
  •   :: Pivot point (PP)  2111.88
  •   Support (s1)  2092.04        Support (s2)  2054.19
  •   Resistance (r1)  2149.73     Resistance (r2)  2169.57
  •   Simple Moving Average (Close 50):  2023.84         (uptrend)
  •   Simple Moving Average (Close 200):  1862.36         (uptrend)
  • ————————————

spx 20160708m
Chart #4 (above, Monthly, PivotPoint-Sup-Res)   S&P 500 INDEX (SPX, .SPX)
(3) Analysis of MONTHLY chart activity through Friday’s (7/8/2016) close at 2,129.8999
Note: this chart shows extraordinary price action to the upside.  The current trend is up and all orders on the long side may be considered.  If already holding long positions, look to take partial profits on any retracement to 1,810.10.   Traders with remaining long positions, after profit taking, should consider placing capital conserving stops in the region of 1,810.10.   Be prepared for a potential short term price pullback to the 1,979.29 area.
   Suggested placement of capital conserving stops…
If Long, exit all contracts at …  1,810.10    If Short, exit all contracts at …  2,134.72
  Additional MONTHLY Chart info:
  •  Overall, the bias in prices is: Upwards.
  •  Short term: Prices are moving.
  •  Intermediate term: Prices are trending.
  •  The upper projected target is: 2,309.23.
  •  The lower projected target is: 1,983.36.
  •  The projected closing price is: 2,146.29.
  :: Note: these price projections are for reference only, and can be easily exceeded by Mr. & Ms. Fickle Markets.
  ( 3.m) For the MONTHLY S&P 500 (INDEX SP: .INX) (ETF: SPY)
Closed 7/8 up  @   2,129.90   +31.0398
:: Closed   (above 6/30 PP)  (above 7/29 PP)
  •   :: Pivot point (PP)  2111.88
  •   Support (s1)  2092.04        Support (s2)  2054.19
  •   Resistance (r1)  2149.73     Resistance (r2)  2169.57
  •   Simple Moving Average (Close 50):  1839.00         (uptrend)
  •   Simple Moving Average (Close 200):  1357.59         (uptrend)

-–  Monday, 7/11/2016   thru    Friday 7/15/2016  ——-

Hope the above S&P 500 INDEX (SPX, .INX) Support and Resistance calculations for Monday, 7/11/2016, as well as the rest of  July,  helps your investing and trading planning today …

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